Development

Tourists and business travellers alike hit the road again last year, boosting demand for hotel rooms by 11 per cent Canada wide…
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Aareal Bank has provided financing for the acquisition of a premier collection of ten hotels in London by a controlled affiliate of Starwood Capital Group…
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The Libyan Investment Authority, the country’s sovereign wealth fund, has launched a hostile takeover bid for one of SA’s premier hospitality groups, Legacy Hotels, following a bitter boardroom fallout, putting a multibillion-rand property portfolio…
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NEW YORK, February 08, 2024--(BUSINESS WIRE)--MCR — the country’s 3rd-largest hotel owner-operator — has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds…
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The Kemmerer family announced today that it has officially closed the deal for the sale of Jackson Hole Mountain Resort (JHMR), Wyoming, ending a highly successful and transformative 32 -year run of ownership…
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Trivest Partners (“Trivest”), Queens Court Capital (“Queens Court”) and Pet Resort Hospitality Group (“PRHG”), announced today the addition of five leading pet resort brands to the company’s portfolio, bringing the total number of pet resorts across…
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The Thai hotel industry is expected to grow by around 10,000 new rooms in 2024, according to Jasper Palmqvist, senior director for Asia Pacific at STR Global, a global provider of data, analytics, and marketing for the hospitality industry…
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From a lazy Sunday-inspired Maison Margiela suite to Huda Beauty’s “School of Snatch”, Laura Mercier’s immersive space and more, ‘The Tira Grand Hotel’ brought together an impressive line-up of luxury beauty brands at the Ajio luxe Weekend…
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Step aside neutrals, bold patterns and vibrant colors are here to stay! Eager to relieve the housebound monotony of the pandemic and evoke emotion, designers are embracing playfulness, vibrancy, and variety in their hospitality projects…
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The world’s first 3D-printed hotel will soon be a reality, according to Architectural Digest…
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Hotel investment in Thailand is ramping up at the same rate as prior to the pandemic, driven by more hotel conversions and an increase in lending among banks, based on an optimistic tourism industry, according to hospitality consultant C9…
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ASM Global announced a naming rights partnership with Strawberry Hotel Group, one of the largest hotel businesses in Scandinavia…
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In an exclusive ground-breaking ceremony, Shamal Holding, a diversified investment firm which manages a unique portfolio of investments, assets and experiences, has inaugurated the start of construction for the highly anticipated Baccarat Hotel and…
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The Powerscourt Hotel Resort and Spa has secured planning permission to construct a staff accommodation facility at the five-star hotel in Wicklow, despite an objection from the owners of the Powerscourt Estate…
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LONDON – Starwood Capital Group, a global private investment firm with a primary focus on real estate, announced that a controlled affiliate has acquired a portfolio of 10 hotels from Edwardian Group for an undisclosed sum via an off-market…
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More than 1,800 new hotel rooms completed construction last year, bringing total stock to an estimated 66,200 as of December. According to Fáilte Ireland research, 12% of all registered tourism bed stock is under contract to the state…
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Singapore sovereign wealth fund GIC Pte is considering selling a 1,053-room hotel in western Japan, and has been marketing the property to potential investors since late last year, according to people familiar with the matter…
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The owners of Bal Harbour Shops, a luxury shopping centerpiece for 60 years in the middle of a $550 million expansion, plan to build bigger. Armed with Florida's Live Local Act, developers revealed blueprints for towers more than 270 feet tall…
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In 2003, Norwegian Karl Johan Remoy embarked on a journey. A journey that would take him from being a globetrotting consultant to becoming an entrepreneur in Cambodia’s hotel industry…
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The Wasatch Creek Ranch is an ultra exclusive development, one that would have its own ski lifts a Tom Fazio golf course and an extremely limited membership. It appears to be similar to the Yellowstone club in Montana…
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Planning an exit strategy is an essential component of hotel investment that enables investors to align their objectives and goals with a well-defined roadmap for exiting their investment…
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Activists say a controversial deal to build a luxury hotel could destroy part of East Jerusalem’s historical Armenian quarter, accusing the company behind the plan of paying people to seize land by force…
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Zanzibar is looking to set new standards for African hospitality by building a seven-star hotel. This is also part of its strategy to strengthen its primary industry, tourism. The hotel will be built on a small island…
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Aynsome Manor Hotel has been acquired off a guide price of £1.15m - Aynsome Manor Hotel in Cartmel, Lake District has been sold for £1.15m after 40 years under the same family ownership…
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